The stock price of the Indian low-cost airline SpiceJet plunged to a record low on Wednesday after 8.4% of its equity was traded in the market.
Block Trade
The company’s stock became one of the most active during the session as 128.6 million shares changed hands through 17 block deals. Large, clustered transactions such as this could be an indicator that a major shareholder is accumulating or liquidating positions.
The price of SpiceJet dipped to a low of ₹12.88, the lowest in over 11 years, amid the heavy trading. At time of writing, the stock saw some recovery and is trading for ₹14.48, up by 1.19% from the previous close of ₹14.31.
Revenue Growth and Expansion Plans
The stock’s price is struggling even after the company reported a significant increase in revenue during the quarter ending in December 2025.
“SpiceJet reported strong operating momentum in the third quarter of FY26, marked by a sharp 77% jump in revenue and a significant improvement in key operating metrics,” the company said in a statement. “The quarter reflected the airline’s steady recovery trajectory, driven by higher capacity deployment, improved yields and disciplined network execution.”
The airline has also unveiled plans to grow its fleet to 55 to 60 aircraft but operational issues continue to weigh down on the carrier.
Unpaid Dues
SpiceJet is reportedly barred from using Bangladesh's airspace because of unpaid navigation charges.
A spokesperson said that the company is working to resolve the issue amid concerns that the situation requires SpiceJet’s planes to take extended routes, which can raise the cost of fuel and operating expenses.
“We are in regular dialogue with the relevant authorities on operational and procedural matters, including navigation-related charges,” the airline spokesperson said, according to NDTV. “These are routine industry issues, and we are working constructively towards an early resolution. Our flight operations remain unaffected, and we continue to operate our scheduled services in line with regulatory requirements.”
